It happened around 12:30 p.m. Wednesday in the area of Route 73 and Holtec Drive in Evesham Township.
The child was rushed to Cooper University Hosptial, but on Thursday, police said the boy died from his injuries.
The driver who hit the child, identified as an 81-year-old Cherry Hill man, stayed at the scene, police said.
Further details on the crash have not been released.
No charges have been filed at this time.
Anyone with information is asked to call Evesham police at 856-983-1116.